Wolfspeed is trading 10.4% down at $26.07 after its August 19 earnings report exposed a much wider-than-expected adjusted loss and revenue well below Wall Street forecasts.
- Q1 fiscal 2027 revenue guidance of $140 million-$160 million implies limited sequential growth.
- Negative non-GAAP gross margins are expected to persist.
- Broader semiconductor weakness and rising Treasury yields are adding pressure to the post-earnings selloff.